The non-observed economy in Uruguay. A look at the first decade of the 21st century

Maira Caño-Guiral ()
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Maira Caño-Guiral: Banco Central del Uruguay

No 2015004, Documentos de trabajo from Banco Central del Uruguay

Abstract: In this paper, a methodological procedure is introduced based on employment variables and a legal criterion for measuring the Non-Observed Economy (NOE) covering the lack of its estimation for a series of years. This procedure is applied for Uruguay and NOE size is estimated for 2001-2010 characterizing it both, through its contribution to gross domestic product and in the principal economic activities in which it is centered. In addition, at the light of the 2008 SNA handbook, a new empirical analytical framework of the NOE is discussed in terms of two big areas that shape it, the informal and the underground, and results of their size in jobs and value added are presented.

Keywords: Non-Observed Economy; Informal; Underground; Measurement; National Accounts; Uruguay; Economía No Observada; Informal; Subterránea; Medición; Cuentas Nacionales (search for similar items in EconPapers)
JEL-codes: E23 E26 J21 J31 O10 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2015
New Economics Papers: this item is included in nep-iue and nep-mac
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